Items tagged with ethereum

After witnessing Bitcoin's explosive growth, everyone and their uncle is now getting into cryptocurrency mining, some for extra money and others in hopes of striking it rich. There are now more than a thousand cryptocurrencies out there. With new miners now showing up in droves (and existing ones expanding their operations), the collective power consumption could be on track to outpace the needs of electric vehicles. Morgan Stanley analysts led by Nicholas Ashworth wrote in a note that cryptocurrency mining could require up to 140 terawatt-hours of electricity in 2018. To put that into perspective,... Read more...
Early yesterday morning, we brought you news of a YouTuber that managed to get his hands on one of the first NVIDIA TITAN V graphics cards that shipped to well-heeled customers. BitsBeTrippin' slapped the chest thumpin' Volta-based GPU into an AMD Ryzen Threadripper 1950X system, and cranked out 70 MH/s at stock speeds and 77 MH/s while overclocked, while drawing 213W and 237W respectively. We here at HotHardware just so happen to have a TITAN V in house as well, and we are presently running it through an exhaustive battery of benchmarks. However, we were able to extract a few data points for all... Read more...
We know that NVIDIA's TITAN V is a massively powerful videocard, one that we are a thousand percent confident can run Crysis, so no need to ask. But will it blend? Probably. That just leaves one question to answer—how well does it mine cryptocurrency? Pretty darn good, as it turns out. As in, almost double the mining performance (of Ethereum) of an AMD Radeon RX Vega 64 graphics card. YouTuber BitsBeTrippin' installed the TITAN V in a decked out system, swapping out a pair of GeForce GTX 1080 Ti graphics cards, and put the card to the test. The setup also consisted of an AMD Threadripper... Read more...
Christmas is coming early for long-term investors in Bitcoin. The red-hot cryptocurrency has skyrocketed during 2017, most recently crossing the $9,000 threshold on Sunday. At the time, we opined that Bitcoin could be well on its way toward hitting $10,000 by the end of the year. Well, we barely made it 48 hours and Bitcoin is within a stone's throw of $10,000. The cryptocurrency hit a high of $10,086 today, before settling down to $9,950. Bitcoin is up nearly 900 percent so far this year. It seems inevitable that Bitcoin will surpass $10,000 across all exchanges sooner rather than later, allowing... Read more...
If you've been following cryptocurrency news over the past few months, then you know that Bitcoin has been on an incredible winning streak. On August 26th, Bitcoin was at $4,300. Three months later, Bitcoin's price has more than doubled. At this moment, Bitcoin has breached yet another high, sitting at $9,065. At the beginning of the month, Bitcoin crossed the $7,500 threshold and hit $8,000 just over a week ago. Today's milestone shows that Bitcoin's growing momentum could allow it to hit $10,000 by year's end. This latest push means that Bitcoin's market cap is now sitting at $151 billion. BITCOIN... Read more...
If you recently jumped on the Ethereum bandwagon, you might want to sit down for this news. A security vulnerability has been discovered in the Parity wallet service deployed by Parity Technologies. According to a security alert issued by Parity Technologies today, the vulnerability was found within the standard multi-signature (multi-sig) wallet update that was deployed with the Parity Wallet back on July 20th. A multi-sig setup requires that more than one key be used to both initiate and broadcast ETH transactions. What's astounding is the July 20th update was rushed into place after another... Read more...
Something big is happening in the cryptocurrency market. Ethereum, the second largest digital coin behind Bitcoin, is receiving a major change to its codebase on Sunday, and nobody knows what exactly will happen. The update amounts to another hard fork, which for the most part have gone well for Ethereum miners and its investors. But there is always that unknown. "I expect that nothing will happen," Ethereum Foundation developer and designer Alex Van de Sande told CoinDesk. "Nothing happened with previous hard forks, except for one."Image Source: Flickr (BTC Keychain) The exception Alex refers... Read more...
It has been hard for months now for PC enthusiasts and gamers to find the video cards they want, because miniers have been buying them up to mine whatever their preferred cryptocurrency might be. Back in late September, we talked about prices for GeForce GTX 10 Series video cards possibly climbing due to a DRAM shortage and Ethereum miners. Now we have some new dedicated cards for miners coming to market from Inno3D that won't help the DRAM shortage, but might at least lure miners away from the cards gamers are searching for. These are P106 mining cards, which are essentially stripped down NVIDIA... Read more...
Abnormally high GPU pricing has been an issue for a long time now, but things really hit a peak when AMD launched its Radeon RX Vega series last month. Immediately, the graphics cards were nearly impossible to find, and those that were in stock were found with seriously inflated prices - sometimes with a nearly $200 premium due to price gouging merchants playing the supply and demand game. Unfortunately, it also appears that consumers looking at picking up an NVIDIA graphics card are also now starting to feel the burn of a higher street price. While AMD cards are often sought out first... Read more...
What is a blockchain? When considering cryptocurrencies like Bitcoin or Ethereum, it's best to first understand the underlying technology and framework that makes their existence possible. At its core, a blockchain is a what is described as a "shared ledger" technology that is used to record the complete history of transactions that have been made. More importantly, this ledger cannot be altered in any way, making it ideal for historical analysis and peer review. When it comes to everyday transactions -- be they financial, inventory or even account-based, traditionally, each party that is involved... Read more...
Update, 9/15/2017: We've updated our Ethereum mining benchmark numbers in this article to include AMD's recently released Radeon RX Vega graphics cards. Head here for that updated data or journey on for the full guide. Cryptocurrency mining is a big buzz topic in technology these days. And why not? Utilizing your computer to digitally mine what seems like free money only begs the question, "where do I sign up?" Your machine will actually be "mining" or processing transactions for a decentralized currency, the hottest variant of which is called Ethereum.  Poised to overtake the industry... Read more...
There has been a run on cryptocurrencies in the past year or so, especially when it comes to Bitcoin and Ethereum. The latter has especially been popular, with enthusiasts quickly gobbling up high-performance NVIDIA and AMD GPUs to bolster their mining efforts. While many enthusiasts and even some well-respected financial institutions have flocked to cryptocurrencies, one high-profile executive takes the stance of "Just Say No", to quote the late Nancy Reagan. JPMorgan Chase CEO Jamie Dimon isn't just down on cryptocurrencies like Bitcoin; he thinks that they are a fraud, plain and simple. JPMorgan... Read more...
NVIDIA’s GeForce GTX 10 Series and AMD’s Polaris family of Radeon GPUs have been popular with Ethereum miners since the start of 2017. Many of these cards have been in short supply, and the GPU market actually showed an uncharacteristic uptick in growth during Q2 because of this demand. With that in mind, all eyes are currently on AMD with its new Radeon RX Vega family of GPUs. We’ve already seen that the Vega 64 (and the Vega 56 in particular) excel at Ethereum mining once optimized. One redditor, however, has taken his optimizations to the extreme, allowing his Vega 64 to obtain a hash rate of... Read more...
The supply problems surrounding AMD’s Radeon RX Vega 64 flagship consumer graphics cards have been well documented. However, the Vega 64 isn’t the only new enthusiast graphics card that AMD has on deck; it also announced the slightly less potent Radeon RX Vega 56 (read our review of both cards). The Vega 56 launched this morning, and like clockwork, it sold out within minutes. Amazon was offering both XFX and Sapphire Vega 56 cards via its site, but they were quickly snatched up by eager gamers (or those looking to make a quick buck by flipping them). Both cards were listed at $399.99. Likewise,... Read more...
1 2 3 Next